The COO of the crypto-exchange Bitget, Vugar Usi Zade, has released his prediction for Bitcoin stating that the price will rise to $100,000 within the next six months.
Bitget: il COO del crypto-exchange e la previsione del prezzo di Bitcoin a 100.000$ in sei mesi
Vugar Usi Zade, COO del crypto-exchange di Bitget, has released his forecast for the price of Bitcoin: $100,000 within the next six months.
In practice, Zade believes that Bitcoin can soon reach a new all-time high by the end of the year.
This forecast had already been shared on X directly by the COO of the crypto-exchange, last April 2024:
I am confident that Bitcoin will exceed the $100,000 mark within the year. #bitcoin @WamdaME @bitgetglobal @BitgetMENA https://t.co/Q2Xuyg7bGa
— Vugar Usi Zade (@usithetalk) April 22, 2024
“I am convinced that Bitcoin will surpass the 100,000 dollar mark by the end of the year. “
The reason for such enthusiasm is mainly based on the growing interest from individual investors and, above all, traditional financial institutions.
Bitget: the prediction of the COO of the crypto-exchange sees Bitcoin reaching a new all-time high
Currently, Bitcoin has reached its all-time high last March 2024, hitting $73,700.
Even the total market capitalization of the leader of the crypto has surpassed one trillion dollars.
On one hand, the surge in Bitcoin prices offers profit opportunities, on the other it involves high volatility. In this regard, Vugar Usi Zade said:
“Make the right financial decisions, don’t be greedy and look at the profits when the market rises. Make sure to exit in time and then wait again when the market falls to bite when someone holds on too long or sells in a panic… I expect Bitcoin to reach the threshold of 100,000 dollars very soon”.
Analysis of the current price of Bitcoin (BTC)
Just today, there was talk of the sharp drop in the price of Bitcoin that occurred in recent days which has raised doubts about whether there could be another price drop for BTC today.
From what has emerged, however, the decline in recent days has been triggered by some news related to massive sales of BTC. The analysis highlights that there could be other news of this kind in the short term.
In any case, the price of BTC has dropped by 8% in the last seven days. At the time of writing BTC is worth $57,400 and the total market cap is $1.3 trillion.